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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,274) $ (104,440)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 148,129 194,469
Net amortization of deferred financing costs, discounts on available-for-sale securities and debt discounts 19,809 109,669
Net amortization of intangible lease assets and liabilities 15,757 16,533
Gain (loss) on sales of real estate assets (4,896) (3,547)
Gain on insurance proceeds (3) (805)
Gain on deconsolidation (47,879) (36,250)
Loss on available-for-sale securities   39
Write-off of development projects 17 834
Share-based compensation expense 9,704 8,416
Loss on impairment   252
Equity in earnings of unconsolidated affiliates (2,822) (16,308)
Distributions of earnings from unconsolidated affiliates 9,733 18,185
Change in estimate of uncollectable revenues 3,870 (3,643)
Change in deferred tax accounts (1,648) (976)
Changes in:    
Tenant and other receivables (11) (2,529)
Other assets (1,980) (2,777)
Accounts payable and accrued liabilities (4,351) (23,302)
Net cash provided by operating activities 134,155 153,820
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate assets (28,751) (28,155)
Acquisitions of real estate assets   (5,650)
Proceeds from sales of real estate assets 9,221 6,349
Purchases of available-for-sale securities (260,042) (549,631)
Redemptions of available-for-sale securities 302,793 449,953
Proceeds from insurance   743
Additional investments in and advances to unconsolidated affiliates (8,181) (1,476)
Distributions in excess of equity in earnings of unconsolidated affiliates 5,187 21,460
Changes in other assets (2,128) (1,425)
Net cash provided by (used in) investing activities 18,099 107,832
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from mortgage and other indebtedness   425,000
Principal payments on mortgage and other indebtedness (63,298) (503,560)
Additions to deferred financing costs (593) (16,387)
Repurchases of common stock (826)  
Contributions from noncontrolling interests 117 143
Payment of tax withholdings for restricted stock awards and performance stock units (1,820)  
Distributions to noncontrolling interests (2,014) (2,746)
Dividends paid to common shareholders (106,093) (15,913)
Net cash used in financing activities (174,527) (113,463)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (22,273) (67,475)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 141,949 236,198
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 119,676 168,723
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:    
Cash and cash equivalents 34,509 [1] 85,754
Restricted cash:    
Restricted cash 44,179 41,305
Mortgage escrows 40,988 41,664
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 119,676 168,723
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized $ 101,688 90,579
Cash paid for reorganization items   $ 6,532
[1] As of September 30, 2023, includes $186,582 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $212,100 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.